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Why is it that so many people do things with money that they would laugh about doing with the things that money buys? For example, why do people lock their hard earned cash away in a qualified plan, where they cannot touch it without penalties until the later years in their life? Just try asking one of these people if they have freezers full of food for retirement as well, and they would probably laugh in your face and wonder what kind of an idiot you are. Why is it that people act this way? Let's follow the money trail and see if we can find a solution.
First, there is the person that sold them the qualified plan and made a nice slice of cash by doing so, and continues to earn a slice for management whether or not the plan provides any advantage to the owner. Then there is the government that offers the plan as an exception to their tax rules, as R. Nelson Nash author of Becoming Your Own Banker says, "This sounds like appointing the fox to guard the chicken house." Why would the government offer such a plan? Could it be that by deceiving the public into believing that tax deferral is more important than liquidity, they would be able to harvest more abundantly if people were to allow them free use of their very own money until late in their lives? This seems to be the answer to the question after preforming the math and witnessing the results of so many qualified plans.
As Ralph Waldo Emerson said, "The truth is beautiful without doubt, but so are lies." Because they got this lie dressed up so prettily, they were able to dissuade many people to do something which is the opposite of life and growth, namely let what they have stagnate instead of move. If we liken money to water for a moment, we can see that the water in rivers moves, and rivers team with life; water in the ocean moves with the tide and the wind, and the oceans team with life. How much different are these bodies of water from the Dead Sea which takes all it's given and lets it stagnate in one pool? How much life can you find there? Money is like this too, if you make money flow it will grow, let it stagnate and it will stink! When people lock their money away, where they cannot touch it, it no longer does them any good but rather works for those who control the plan whatever it may be. You see, money works willingly for those who put it to work but it does nothing for those that stash it away and don't allow it to do any good.
It can be hard sometimes to discern the difference between a deceitful whim, and a solid simple truth because like John Watt said, "A lie can run around the world before the truth can get its boots on." But, after all, we are made in the image of God our creator, and we should follow His example and be creative with the things He has given us to take care of. Just like He Himself was creative and does good and great things.
When people take self-responsibility for the things which they have been entrusted with and manage them to the best of their ability, suddenly the world becomes a better place. That is why every day is such a good day here at Life Benefit$...we get to work with people that understand the truth and have made the choice to be accountable for the things with which God has entrusted them with. Because these people own this truth and because the truth sets people free, these people are some of the most exciting people on planet earth.
Remember the importance of a coach. A good coach is more than just a financial planner who wants to make management fees off of you. Think about it. If you were to compete in the Olympics you would desire to have a coach who would be intent on your success? The same holds true if you are planning on doing anything serious with your money. Do you want a coach that will help you become more effective? Or just mediocre?
That is where "Your Wealth Team" at Life Benefit$ comes in. If you want to take control your money and teach it to work for you instead of letting others control it and make all the profit, then read Prescription For Wealth (click on the Store Tab above to download the free .pdf version or order the softcover book). Once you've read this little book you are ready for your complimentary appointment with one of your wealth coaches here at Life Benefit$. We are here to help people like you who want to help themselves.
by Ben McFie